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Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
CAF
CAF (CAF) investor relations material
CAF Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary27 Feb, 2026
Executive summary
Achieved all 2025 targets across key metrics, including revenue, EBIT, net profit, and sustainability goals.
Record order intake and all-time high order backlog, with strong growth in both rail and bus segments.
Significant strategic milestones: largest contract in company history (SNCB Belgium), major metro and bus projects in Europe and North America.
Entered final year of strategic plan with positive outlook and continued growth momentum.
Financial highlights
Revenue rose 7% year-over-year to €4,487m; EBIT up 14% to €246m; EBIT margin improved to 5.5%.
Net attributable profit surged 42% to €146m; EPS reached €4.27.
Book-to-bill ratio at 1.3x; order backlog hit €16,235m (+10% vs. prior year).
Cash flow generation of €88m; net financial debt reduced to €188m (NFD/EBITDA 0.5x).
Dividend per share proposed at €1.52 (+14% vs. 2024).
Outlook and guidance
2026 forecast: high single-digit revenue growth, improved profitability, and stable NFD/EBITDA.
Continued focus on selective order intake and emission reductions.
Strategic plan targets to be met ahead of schedule, with strong positioning for next cycle (2027–2030).
Q1 2026 contract awards' backlog contribution?
Solaris's strategy for hydrogen bus leadership?
Drivers of bus segment profitability expansion?
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Next CAF earnings date
Q1 20267 May, 2026
CAF
Next CAF earnings date
Q1 20267 May, 2026
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Frequently asked questions
Construcciones y Auxiliar de Ferrocarriles S.A. (CAF) is a Spanish company specializing in the manufacture and supply of railway vehicles and equipment. Founded in 1917, CAF has expanded its expertise beyond freight car production to include a broad range of rolling stock, such as high-speed trains, locomotives, commuter trains, subway trains, and streetcars. In addition to rolling stock, CAF also focuses on components and spare parts for railway systems, offering wheels, axles, gear units, traction and signaling systems, and energy storage solutions. The company's comprehensive services encompass technical assistance, maintenance, after-sale services, and the development of rail infrastructure.
The company is headquartered in Beasain, Basque Autonomous Community, Spain, and its shares are listed on the Spanish stock exchange.
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